Cyber insurance firm Resilience raises $80M to aid battle against ransomware

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Cyber insurance firm Resilience raises _80M to aid battle against ransomware

Resilience, a cyber-insurance company that aims to help protect policyholders against ransomware, today announced an $80 million series C extension to fund its expansion with mid-market customers.

The San Francisco-based company said it stands out in the cyber insurance industry with a model that it calls “guaranteed and secure.” Stability brings a focus on helping companies protect against ransomware in addition to recovering from an attack.

The company’s series C round was co-led by General Catalyst and Corey Thomas, the CEO of cybersecurity firm Rapid7. Other investors that took part in the funding round were Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital, and Intact Ventures.

Read More: Venturebeat

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